United Fire Group, Inc. (UFCS)

United Fire Group Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	91.84	61.96	-29.7	15.03	80.59	-112.71
Depreciation & Amortization	10.06	10.9	10.51	7.67	6.57	6.66
Gain (Loss) on Sale of Investments	7.4	10.43	5.55	24.62	-33.79	42.84
Stock-Based Compensation	6.51	5.52	3.25	2.83	3.44	4.99
Change in Accounts Receivable	71.86	13.99	-99.06	-48.96	0.52	40.34
Reinsurance Recoverable	-3.83	-7.56	-52.32	-43.14	32.73	-88.17
Change in Unearned Revenue	66.03	72.06	75	34.66	-25.11	-40.32
Change in Income Taxes	13.61	7.28	9.96	0.96	33.82	-47
Change in Deferred Taxes	-0	-0	-	-0.65	-0.46	7.52
Change in Insurance Reserves / Liabilities	104.39	158.03	141.48	-16.99	-63.87	156.38
Change in Other Net Operating Assets	-43.03	-19.61	21.62	9.71	-44.22	-6.67
Other Operating Activities	-5.03	47.99	107.77	25.8	44.04	55.29
Operating Cash Flow	301.86	340.3	171.74	-1.25	29.92	41.44
Operating Cash Flow Growth	15.49%	98.16%	-	-	-27.80%	-55.80%
Capital Expenditures	-10.26	-11.87	-10.89	-2.14	-13.98	-18.86
Investment in Securities	-226.13	-280.62	-130.86	-16.93	45.71	-68.45
Investing Cash Flow	-236.39	-292.49	-149.89	-19.17	31.73	-92.87
Long-Term Debt Issued	-	70	-	-	-	50
Total Debt Repaid	-	-3.05	-	-	-	-
Net Debt Issued (Repaid)	-	66.95	-	-	-	50
Issuance of Common Stock	0.35	0.35	-	0.83	-	-
Repurchases of Common Stock	-	-	-	-	-2.01	-2.74
Common Dividends Paid	-16.25	-16.21	-16.16	-15.86	-15.06	-28.53
Other Financing Activities	-0.85	-	-0.29	-	-0.42	-0.07
Financing Cash Flow	-16.75	51.09	-16.45	-15.03	-17.49	18.66
Net Cash Flow	48.72	98.9	5.4	-35.45	44.16	-32.77
Free Cash Flow	291.6	328.43	160.85	-3.39	15.94	22.57
Free Cash Flow Growth	16.51%	104.19%	-	-	-29.38%	-63.19%
Free Cash Flow Margin	22.05%	26.21%	14.68%	-0.35%	1.49%	2.11%
Free Cash Flow Per Share	11.15	12.67	6.37	-0.13	0.63	0.90
Cash Interest Paid	9.82	7.17	3.26	3.19	3.19	-
Cash Income Tax Paid	22.7	16.11	1.35	21.55	5.36	0.14
Levered Free Cash Flow	286.58	-946.41	84.49	-39.51	4.5	-102.36
Unlevered Free Cash Flow	292.79	-941.86	86.52	-37.52	6.49	-102.36
Change in Working Capital	191.09	203.5	74.37	-77.2	-70.95	29.28

Updated Aug 5, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q